However, the technical analyst is bullish on precious metals. [Gold ETFs See Large Inflows in Second Quarter: Report]
PowerShares DB Precious Metals (NYSEArca: DBP) has “reasserted its near perfect uptrend” while the fund “feeds on uncertainty.”
On a log chart, “the angle of the trajectory is close to 45 degrees — healthy and not indicative of a speculative bubble,” Coe wrote.
